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Digitalisation and intermediaries in the music industry

Author

Listed:
  • Hviid, Morten
  • Izquierdo Sanchez, Sofia
  • Jacques, Sabine

Abstract

Prior to digitalisation, the vertical structure of the market for recorded music could be described as a large number of artists [composers, lyricists and musicians] supplying creative expressions to a small number of larger record labels and publishers who funded, produced, and marketed the resulting recorded music to subsequently sell these works to consumers through a fragmented retail sector. We argue that digitalisation has led to a new structure in which the retail segment has also become concentrated. Such a structure, with successive oligopolistic segments, can lead to higher consumer prices through double marginalisation. We further question whether a combination of disintermediation of the record labels function combined with “self-publishing” by artists, will lead to the demise of powerful firms in the record label segment, thus shifting market power from the record label and publisher segment to the retail segment, rather than increasing the number of segments with market power.

Suggested Citation

  • Hviid, Morten & Izquierdo Sanchez, Sofia & Jacques, Sabine, 2017. "Digitalisation and intermediaries in the music industry," MPRA Paper 79018, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:79018
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    File URL: https://mpra.ub.uni-muenchen.de/79018/1/MPRA_paper_79018.pdf
    File Function: original version
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    References listed on IDEAS

    as
    1. Hviid, Morten & Izquierdo Sanchez, Sofia & Jaques, Sabine, 2016. "From publishers to self-publishing: The disruptive effects of digitalisation on the book industry," MPRA Paper 76057, University Library of Munich, Germany.
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    Cited by:

    1. Alexander Cuntz, 2018. "Creators’ Income Situation in the Digital Age," LIS Working papers 755, LIS Cross-National Data Center in Luxembourg.

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    More about this item

    Keywords

    Streaming; self publishing; music industry;

    JEL classification:

    • K0 - Law and Economics - - General
    • K2 - Law and Economics - - Regulation and Business Law
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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